Turnover
≈ €120,000 estimated
The micro format states no turnover.
Codak
Overview
Lifetime
1 annual account with figurespeak €36,239 (2025)
€36,239
peak €24,584 (2025)
€24,584
peak €23,918 (2025)
€23,918
€31,515
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Dividend €1,666First year with figures
Key points
from the 2025 annual accountsStarting capital
€1,000 1,000 shares
2025 accounts filed 31 days after the deadline
Checked score
90
Excellent
Financially stronger than 46% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.4%
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.19, cash €8,873
Size: total assets €55,433
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 38% of them on solvency, 17% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as Codak has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Codak itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for Codak. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.19, below the usual 1.5. Short-term debt is 56.9% and cash 16% of total assets. 56.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- VANDE WALLE Jan Piet-Joris Korneel 900 sharesdeed of 24-12-2024
- DEMEYERE Joke 100 sharesdeed of 24-12-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017782297
Incorporation
Founding capital of €1,000, 1,000 shares · Founders: VANDE WALLE Jan Piet-Joris Korneel and DEMEYERE Joke · Founder: VANDE WALLE Jan Piet-Joris Korneel · published on 24-12-2024 · Gazette deed
First establishment
Kanegem-Dorp 29, Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codak Tielt | €55,433 | €36,239 | 43.1% | - |
| dinsdag Zwevegem | €57,987 | €36,357 | 53.3% | - |
| Mind-S Wingene | €58,771 | €39,416 | 62.5% | - |
| Databased Insights Koekelare | €57,981 | €41,049 | 51.5% | - |
| Aquila Consulting Antwerp | €56,483 | €36,078 | 56.0% | - |
| August IT Antwerp | €55,952 | €34,144 | 44.3% | - |
| ILAMCO Brussels | €53,130 | €36,410 | 67.4% | - |
These companies have the same main activity as Codak: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €53,100 and €58,800, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 20-12-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.367.745.4528700 Tielt, since 20-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-01-2025
Insights on Codak
Codak has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,918 and a net result of €24,584.
Its solvency ranks better than 36% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-08-2026, 31 days late€36,239
€31,673
€24,584
€6,089
43.1%
1.19
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €99,000 and €170,000.
Balance sheet
balance sheet total €55,433 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
43.1%
Higher than 36% of 21,208 companies in 2025.
1.19
Higher than 25% of 20,571 companies in 2025.
44.3%
Higher than 81% of 20,746 companies in 2025.
Codak
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
55,433 | |
21/28 |
17,830 | |
22/27 |
17,830 | |
23 |
2,884 | |
24 |
14,946 | |
29/58 |
37,604 | |
40/41 |
28,731 | |
40 |
28,731 | |
54/58 |
8,873 | |
| Balance sheet: equity and liabilities | ||
10/49 |
55,433 | |
10/15 |
23,918 | |
10/11 |
1,000 | |
13 |
22,918 | |
133 |
22,918 | |
17/49 |
31,515 | |
42/48 |
31,515 | |
43 |
8,597 | |
430/8 |
8,597 | |
44 |
3,277 | |
440/4 |
3,277 | |
46 |
775 | |
45 |
7,361 | |
454/9 |
7,361 | |
47/48 |
11,505 | |
| Income statement | ||
9900 |
36,239 | |
630 |
2,632 | |
640/8 |
1,934 | |
9901 |
31,673 | |
75/76B |
8 | |
75 |
8 | |
65/66B |
633 | |
65 |
633 | |
9903 |
31,048 | |
67/77 |
6,464 | |
9904 |
24,584 | |
9905 |
24,584 | |
| Appropriation of the result | ||
9906 |
24,584 | |
691/2 |
22,918 | |
6921 |
22,918 | |
694/7 |
1,666 | |
694 |
1,666 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00470180.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00470180 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 34,304 | ||
| 27,216 | ||
| 20,461 | ||
| 6,089 | ||
| 43.1% | ||
| 1.19 | ||
| 1.32 | ||
| 102.8% | ||
| 44.3% | ||
| 54.23 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €20,461 |
| €2,632 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Codak
Debt's share of the balance-sheet total is 56.9%.
Board & ownership
Board
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De bestuurders regelen onder mekaar de uitoefening van de bevoegdheid. Externe vertegenwoordigingsbevoegdheid Iedere bestuurder…”deed of 24-12-2024
Control
Founders
VANDE WALLE Jan Piet-Joris Korneel, DEMEYERE Joke
This company
Codak
Equity €23,918
Profit €24,584 in 2025
Capital
- Contribution
- €1,000
- Shares
- 1,000
- Contribution per share
- €1
- Equity per share
- €23.92 in 2025
- Source
- deed of 24-12-2024
Articles of association
deed of 24-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Shareholders
At incorporation
deed of 24-12-2024 ↗
- VANDE WALLE Jan Piet-Joris Korneel 900 shares (90%)
- DEMEYERE Joke 100 shares (10%)
Network & group
No group
Codak has no parent and no holdings in its annual accounts.
Connections & network
See the function holders in the KBO register.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017782297
2024
IncorporationFounding capital of €1,000, 1,000 shares · Founders: VANDE WALLE Jan Piet-Joris Korneel and DEMEYERE Joke · Founder: VANDE WALLE Jan Piet-Joris Korneel · published on 24-12-20246 points ▸
- Founder, VANDE WALLE Jan Piet-Joris Korneel
- Founder, DEMEYERE Joke
- Founding capital, €1,000, 1,000 shares
- VANDE WALLE Jan Piet-Joris Korneel holds 900 shares
- DEMEYERE Joke holds 100 shares
- 1,000 shares
First establishment Kanegem-Dorp 29, Tielt
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.782.297
- VAT number
- BE 1017.782.297
- Peppol ID
- 0208:1017782297
- Other Peppol ID
- 9925:BE1017782297
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-12-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 03-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Codak in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-12-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
45201
74201
Photography, excluding press photography
74209
Other photographic activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verstrekken van alle advies-,opleidings-,marketing-,qualtiy control- en managementactiviteiten inzake informatica en communicatie…”deed of 24-12-2024 (in Dutch)
28 activities
- Het verstrekken van alle advies-,opleidings-,marketing-,qualtiy control- en managementactiviteiten inzake informatica en communicatie gericht op bedrijven en organisaties
- Het leveren van diensten in de informaticasector,evenals programmatie en analyse in de computersector
- Het exploiteren van een computeradviesbureau,ondermeer in het verlenen van advies over hard- en software
- Engineering activiteiten met betrekking tot automatisering en de verschillende randsectoren
- Het geven van trainingen en opleidingen,alsook het opzetten van cursussen
- Het uitvoeren van projectleiding,projectmanagement en interim management
- Het uitvoeren van audits,studies,site-surveys,markt- en productevaluaties
- Het aanbieden van webhosting en domeinnaamregistratie alsook het verlenen van advies omtrent webhosting en domeinnaamregistratie
- Het verlenen van bijstand bij de opbouw,het ontwikkelen en het ontwerpen van websites,het ontwikkelen en het onderhouden van de inhoud van websites
- Fotografie en aanverwante activiteiten
- Het maken van foto’s,videoreportages en aanverwante activiteiten voor bedrijven en particulieren
- Renovatie- en kleinhandel in (tweedehands) meubilair,huisraad en geschenken
- Copywriting
- Het voeren van activiteiten van de aard van grafische designers,interdecorateurs en decorateur-etalagisten
- Het ontwerpen van publicitaire teksten,slogans,films en artikelen
- Diverse administratieve dienstverlening
- Overige adviesbureaus op het gebied van bedrijfsbeheer
- Webshop
- Het verhuren van,de import,export,de groot- en kleinhandel in,de aankoop- en de verkoop,het onderhoud en de herstelling,de commissiehandel en consignatie en fabricatie,van allerlei gereedschappen en machines,bouwmateriaal,electronica,andere goederen en van alle bijhorende wisselstukken
- Het verhuren van,de import,export,aankoop,verkoop,huur,verhuur,leasing,renting en commissiehandel van alle personenwagens,vrachtwagens,bestelwagens,autobussen,fietsen en bromfietsen alsook alle onderdelen,wisselstukken,toebehoren en gereedschappen dienaangaande,zowel voor eigen rekening als voor rekening van derden,dit alles in de meest ruime zin van het woord
- De constructie,de herstelling en het onderhoud van dezelfde voertuigen.De uitbating van een werkplaats voor alle werkzaamheden en herstellingen in verband met deze voertuigen
- Detailhandel in allerlei producten,via postorderbedrijven of via internet (e-commerce)
- Groothandel in afval en schroot
- Het verlenen van adviezen aan derden
- Het verlenen van adviezen en het verstrekken van prestaties op financieel,technisch,juridisch,logistiek,commercieel of administratief vlak
- Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten en technologieën en hun toepassingen;het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële vaste activa
- Het waarnemen van bestuursopdrachten en–mandaten,het uitoefenen van opdrachten en functies
- De aan- en verkoop evenals de in- en uitvoer van om het even welke goederen evenals het optreden als tussenpersoon bij voormelde verrichtingen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kanegem-Dorp 29 registered office 8700 Tielt 1813005 Pre-press and pre-media services | 20-12-2024 | 2.367.745.452 |
Buildings and parcels at the address
- Ground area
- 309 m²
- Buildings
- 117 m²
- Volume, LiDAR
- 517 m³
- Tallest building
- 6.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37004B0676/00A000 | 309 m² | 1 · 117 m² | 6.7 m · 1 |